TASI crosses 8,100; Al Rajhi at 10-year high
Saudi Arabian stocks closed positive for the fifth straight session on Wednesday, with the Tadawul All Share Index (TASI) crossing the 8,100-level amid higher oil prices and as expectations of a positive update from MSCI in June remained strong.
The Saudi benchmark index rose 0.6 percent to close at 8,146 points, with volumes at SAR 5.1 billion. The advance-decline ratio stood at 102-77.
Market Index
Heavyweight lender Al Rajhi Bank soared to a 10-year high as it rose nearly 1 percent to SAR 82.2.
Saudi Industrial Investment Group (SIIG) jumped 4.4 percent to SAR 24.98, after its board of directors has recommended a 5 percent cash dividend for H1 2018, at SAR 0.5 per share.
Petro Rabigh was the top gainer for the day, rising nearly 8 percent to SAR 29.75 – its highest close in more than three years. Over the past five months, the stock had climbed more than 120 percent.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 22.22 | 0.14 | 0.64 % | - |
| SABIC | 121.26 | (1.64) | (1.33 %) | - |
| SIIG | 25.73 | 1.00 | 4.05 % | - |
| PETRO RABIGH | 20.79 | 1.47 | 7.62 % | - |
| ALINMA | 10.39 | (0.01) | (0.05 %) | - |
| DAR ALARKAN | 13.56 | (0.19) | (1.38 %) | - |
On the other hand, Saudi Basic Industries Corp. (SABIC) lost 1.6 percent to SAR 121.
Real estate firm Dar Al-Arkan was down 1.2 percent at SAR 13.58, while Alinma Bank slipped 0.1 percent to SAR 20.78.
Bahri was the top decliner, falling 3.3 percent to SAR 31.25.
To contact the writer, email Nadeshda Zareen at nadeshda.zareen@argaamplus.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| PETRO RABIGH | 20.79 | 7.62 % | More than 100 | |
| ABO MOATI | 10.38 | 6.57 % | 11.38 | |
| MALATH INSURANCE | 16.58 | 6.49 % | NEG | |
| ALSAGR INSURANCE | 28.08 | 5.44 % | 61.47 | |
| ALUJAIN | 26.02 | 5.39 % | 10.60 | |
| BSF | 15.08 | 4.17 % | 10.84 | |
| ALDREES | 13.54 | 4.16 % | 18.77 | |
| ALRAJHI TAKAFUL | 32.48 | 4.12 % | 18.72 | |
| SIIG | 25.73 | 4.05 % | 19.56 | |
| ZAIN KSA | 7.67 | 3.72 % | NEG |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| ALSAGR INSURANCE | 143,349.00 | 1,248,228.00 | 770.76 % |
| ZAIN KSA | 3,126,150.00 | 22,651,658.00 | 624.59 % |
| BAAZEEM | 113,485.00 | 683,980.00 | 502.71 % |
| RED SEA | 62,292.00 | 366,938.00 | 489.06 % |
| GO TELECOM | 445,154.00 | 2,574,247.00 | 478.28 % |
| NGC | 189,983.00 | 928,897.00 | 388.94 % |
| SPM | 675,860.00 | 3,262,506.00 | 382.72 % |
| SVCP | 39,573.00 | 188,750.00 | 376.97 % |
| ABO MOATI | 23,568.00 | 106,398.00 | 351.45 % |
| CHUBB | 478,640.00 | 1,954,109.00 | 308.26 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| PETRO RABIGH | 20.79 | 122.25 % |
| ALRAJHI TAKAFUL | 32.48 | 78.88 % |
| SAUDI KAYAN | 14.84 | 73.57 % |
| ANB | 15.29 | 53.73 % |
| ACIG | 18.76 | 47.48 % |
| RIBL | 11.01 | 43.22 % |
| ALRAJHI | 22.22 | 28.14 % |
| SIIG | 25.73 | 26.40 % |
| STC | 33.99 | 24.96 % |
| SIPCHEM | 23.13 | 24.35 % |
| SISCO HOLDING | 14.51 | 19.42 % |
| TECO | 10.60 | 17.90 % |
| CITY CEMENT | 13.03 | 3.82 % |
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Calendar
| Company | Event | ||
|---|---|---|---|
| SAUDI CEMENT | Ex-dividend Date | ||
| SAUDI CEMENT | General Assembly | ||
| ASTRA INDUSTRIAL | Ex-dividend Date | ||
| ASTRA INDUSTRIAL | General Assembly | ||
| RIYADH CEMENT | Cash Dividend Distribution | ||
| MODERN MILLS | General Assembly | ||
| SEDCO MULTI ASSET | Ex-dividend Date | ||
| SADR | General Assembly | ||
| BJAZ | General Assembly | ||
| RIBL | Conferences | ||
| more | |||
Sector Closure
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